SELLERSVILLE, Pa., Aug. 25, 2005 (PRIMEZONE) -- Delta Mutual, Inc. (OTCBB:DLTM), specializing in energy recovery and construction services through environmentally friendly technologies and products, announced that Delta's subsidiary, Delta-Envirotech, has reached an agreement to provide the Saudi Gulf Environmental Protection Company (SEPCO) with a film washing technology for the recovery of silver from used X-ray films.
The film washing technology and facility will be provided to SEPCO on a turn-key basis for approximately $2 million. The facility will be designed to process about 1.5 million metric tons of used X-ray film annually, and is expected to be operational in the first quarter of 2006.
Peter Russo, President and CEO, commented, "We are very pleased to be working with SEPCO. On April 27, 2005, we announced the alliance agreement with SEPCO to jointly handle all types of hazardous wastes including biological, chemical and industrial. We are now working with SEPCO to identify and eliminate hazardous waste while recovering usable products. We will continue to identify and provide new technologies for expansion of the activities in the hazardous waste treatment area."
About the Saudi Gulf Environmental Protection Company (SEPCO)
SEPCO Environment, established in 1997, was the first, and remains the only company in the Middle East to handle and process medical waste. It has set up a program for the safe handling, transportation, treatment and disposal of hazardous medical waste in a way that is permanent, environmentally responsible and affordable. SEPCO currently owns and operates three medical waste facilities in Saudi Arabia and is moving towards achieving more success in various environmental activities, projects and waste management while promoting environmental impact solutions. For additional information, please visit their web site at www.sepcoenv.com.
About Delta Mutual
Delta Mutual, Inc. specializes in energy recovery and construction services through environmentally friendly technologies and products currently operating through joint ventures in the Middle East, Far East and Puerto Rico. Delta employs technologies that efficiently recover energy sources from soil, water and other waste streams while simultaneously improving existing environmental conditions. The Company also employs an energy efficient building material system for construction projects that are initially taking place in Puerto Rico.
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Forward-Looking Statement
This Press Release contains forward-looking statements that involve risks and uncertainties, including "The film washing technology and facility will be provided to SEPCO on a turn-key basis for approximately $2 million. The facility will be designed to process about 1.5 million metric tons of used X-ray film annually, and is expected to be operational in the first quarter of 2006," and "We will continue to identify and provide new technologies for expansion of the activities in the hazardous waste treatment area." Because these forward-looking statements involve risks and uncertainties, actual results could differ materially from those discussed in this press release. These risks and uncertainties include: lack of capital, delays in finalizing contracts, delays in building, typical issues of dealing with a foreign government, using the appropriate technology and additional risks as outlined in our SEC filings.